Retirement/ Stock Market
 

So, being an active employess of the bank, of course my 401(k) is somewhat tied up in Wachovia stock.. Optional, of course! If any of you watch the market, you'll know that around the time we fired our CEO, stock was at $7/ share. At that time, I decided to move 90% of my balance in my retiremetn acct into Wachovia stock... So, this is where it is now.. Good move??

http://www.nyse.com/about/listed/lcddata.html?ticker=WB

Daily, it's up and down, but I've noticed a steady incline the past couple weeks.

Re: Retirement/ Stock Market
 

Uhhh, you tell me?

Wait don't, because I don't give a ----

Re: Retirement/ Stock Market
 

Dude, ---- getting out of debt. Just invest in the stock market!

Re: Retirement/ Stock Market
 

gotta get outta debt.. it's no fun..

Re: Retirement/ Stock Market
 

then once it makes any kinda profit at all, SELL SELL SELL and screw the company you invested in. its the american way

Re: Retirement/ Stock Market
 

My 401K lost about 8% this year... I don't see things going much better next year either.

What do others contribute to their 401K and what does your employer match, if any? I contribute 5% of my paycheck + 4% match from my employer.

Re: Retirement/ Stock Market
 

---- a 401k, invest in gold till you retire.

Re: Retirement/ Stock Market
 

Comcast matches 100% of what you contribute and so far it's been going up.

They limit how much they will match, but I think it's way more than I get paid anyway.

Re: Retirement/ Stock Market
 

i put in 3%, my employer matches that.
my ---- doubled in the last year, ---- yeah

Re: Retirement/ Stock Market
 

+ copper

Re: Retirement/ Stock Market
 

+ little kids to strip wire

Re: Retirement/ Stock Market
 

+ drug addicts like to steal copper

Re: Retirement/ Stock Market
 

I have literally hundreds of pounds of harness's in my storage shed from junk cars/swaps etc. Just need to figure a way to make a automated striping system

Re: Retirement/ Stock Market
 

thugs to gank the copper from the drug addicts ...

Re: Retirement/ Stock Market
 

lawlz... that accomplishes a lot...

Re: Retirement/ Stock Market
 

You haven't tracked the value of gold/silver vs the dollar over the last 100 or so years, have you?

Re: Retirement/ Stock Market
 

Funny a buddy of mine were saying the best thing to do is to have a couple of gold bars chillin for security.



Gold=the most solid investment in history


Actually most metals are these days.

Re: Retirement/ Stock Market
 

Really, what a noob. Keep throwing your money in stocks and savings accounts dmotoguy :P

Precious metals are the best investment.

----...probably a majority of metals are a better investment.

Re: Retirement/ Stock Market
 

^ True dat. Some crack head jacked my old a6 block and intake manifold. I'm sure it went to the scrap yard as he left normal parts that were worth money behind.

Re: Retirement/ Stock Market
 

are you an idiot or what. someone else buys the stock the money doesn't disappear

Re: Retirement/ Stock Market
 

Re: Retirement/ Stock Market
 

Is that graph a ratio of the level of the dow to the price of gold. That would show that the dow is rising faster than gold right?

Also I would not have too much money invested in the company you work for. What happens if they take a ----, you have no job and your investment goes to ----. Also the financials are fucked right now, also you shouldn't have more than like 1/4 of your investments in a single stock.

ps I don't know ---- so don't listen to me

Re: Retirement/ Stock Market
 

Dmoto - money's "value" is fake. The more they print, the higher the debt, the less it's worth.

Gold has actual worth, although its worth is somewhat fake too. Our money used to be backed with precious metal in Ft Knox.

Money can be manufactured all day, gold can't.

Re: Retirement/ Stock Market
 

Okay, they increase in value at the same rate.

Now show me which individual stocks will increase at that, or better, rate. And I want you to sink everything you own into them.

You must have slept through history class the day they covered what caused the Great Depression. :3

Re: Retirement/ Stock Market
 

I don't think that chart says they increase at the same rate, the Y axis is the dow/gold ratio that means that the ratio is going up meaning at 1900 the dow was 2 times the price of gold, saving for the units. and now the dow is worth 20 times the price of gold.... and the ratio is going up meaning it is better to bet on the dow than gold, I could be wrong though,

Re: Retirement/ Stock Market
 

The Fed Cut the money supply by about 1/3. Therefore turning a recession like we are in now into the great depression. Everyone rushed to the banks to try to pull their money out, since banks obviously only hold a certain amount of reserves and lent the rest they couldn't keep up with the everyone wanting their deposits. Banks went bankrupt.

Thats why in todays world, when we go into recession the Fed increases the money supply, helps spur economic growth, but if you let it get out of hand and put too much money into the economy it causes inflation and the devaluation of the currency. Thus where we are at now, trying to balance it all.

But, you weren't asking me.

Re: Retirement/ Stock Market
 

there are quite a few ways to make money with investments, you can make money by betting on the dollar going down... it going up... etc... but gold is about the most worthless investment you can make.

yes it is pretty safe, but i just dont see it... say there is a traumatic economic change in the us/world and you have some gold bars sitting in your back yard, what are you going to do with them?

gold hardly outpaces inflation if I remember right... yes there have been times where its much more valueable and much less... so you can make money on it in the short term... but that is about it. you can normally make 10%+ annually in the stock market if you are average... if you are good you can make 15%+

you cannot beat that..

Re: Retirement/ Stock Market
 

You can buy $10,000 worth of gold today and tomorrow it will be worth $10,000. You can buy $10,000 worth of stock in a company and not be worth jack ---- tomorrow. Which one sounds like a more sound long term investment?

Re: Retirement/ Stock Market
 

that is the dumbest post of the century.
why would you buy stocks if you wanted to just hold the current value.... ----.
at some point gold isnt worth ---- too...

its proven in the last 100+ years that a 401k is VERY benneficial to 99.9% of people... i mean ----... do the math and see for yourself.
diverse investments are no more risky than gold... they just make you a lot more money...

Re: Retirement/ Stock Market
 

Fire does wonderfull things for melting off plastic. let it burn long enough and it will be clean as a whistle

Re: Retirement/ Stock Market
 

---- gold gold, silver, 401k, etc



invest in nickel and sugar cane ethanol. i dont agree with the tree huggers but i will make money off of them

Re: Retirement/ Stock Market
 

I contribute 11% now. Wachovia matches up to 6% of my annual salary. The benefit to me, is the match up to 6% fo what I will make in the year, not base pay. So, if I make $40k, and put in $4k, the match that w/ $2400. So, my $4k investment nets $6400 plus raise in stock price and interest earned.

#1. If the company takes a ----, I'm screwed.. BUT, people who want to make money, monitor this ---- like they schedule haircuts. Daily, I watch the stock rise. Granted, there may be a few days of a decline, but it always goes back up. As of now, w/ a new CEO, I believe our stock will continue to climb. Keep in mind, we're no small bank. Another good thing is.. if for some reason Wachovia goes under, my investments are guaranteed by FDIC, guy! If I notice a large decline, I transfer it to a stable fund. If Wachovia goes under, FDIC covers retirement accts for $250k. I have nowhere near that in there...


Precious metals are a long-term investent. If you have $100k layin around and want to secure your retirement, invest in gold, or platinum. These are damn near guaranteed.

As for me, I can take my $$$ in my 401(k) and flip it daily. Granted, I took a loss w/ some ---- earlier this year, but I'm in a profit margin now.. No more loss! I check my investments and stocks daily. If you want to make fast money, I assure you it takes patience and effort.. I mean to watch ----. You can't throw your $$ somewhere adn expect it to double overnight. (Yes, I know there are some that do.. But what are the chances?)

Re: Retirement/ Stock Market
 

granted nickel is somewhat of a newcomer to the market it can only increase in value w/ almost every auto manufacturer building hybrids now. invest now and then once lithium starts to take off pull out what you have made and then buy massive amounts of gold

Re: Retirement/ Stock Market
 

shoulda shorted oil last week

Re: Retirement/ Stock Market
 

I wonder if a single person here works a job in relation to actual investing or trading, or withing 10 miles of the stock market? :1

I'm hearing a lot of tripe from people who live in trailers in this thread. :l

Re: Retirement/ Stock Market
 

HEY MINE IS DUBBLE WIDE

gold has ups/downs but it a helluva lot more stable than "the market."

I guess investing in the market alone instead of individual stocks is also safe, but gold's material value will always be higher than the paper value of currency...

Re: Retirement/ Stock Market
 

No GUY we are talking about you stocks since you say that 90% of your investment is in Wachovia stock, therefore your investments are not guaranteed by the FDIC Guy. That bank could go under tomorrow and you could have nothing, and the FDIC and all the intelligent investors would laugh at you for having your investments in the compnay you work for. Also keep i nmind Indymac was no small bank guy.

Re: Retirement/ Stock Market
 

READ FUCKER!!

" Wachovia goes under, my investments are guaranteed by FDIC, guy! If I notice a large decline, I transfer it to a stable fund."

tell me my ------ stable fund isn't FDIC insured, GUY!

Re: Retirement/ Stock Market
 

WAT?

If you notice a large decline, chances are high someone else knew it was going to happen beforehand, and by time you get your funds moved...they're already worthless.

Re: Retirement/ Stock Market
 

let me rephrase.. If I see a few days of declines I will move it.